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The nutrition market size is valued to increase by USD 35 billion, at a CAGR of 4.36% from 2023 to 2028. Growing geriatric population will drive the nutrition market.
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In the market, water use efficiency and precision nutrient management are key priorities for agricultural businesses seeking to optimize resources and enhance crop productivity. Precision nutrient management, facilitated by plant tissue analysis and data-driven optimization, can improve nutrient use efficiency by up to 30%, resulting in significant cost savings and increased yield. Nitrogen fixation rates and the efficacy of biofertilizers can also contribute to a more sustainable mineral nutrition balance, reducing reliance on synthetic fertilizers by 20%. Metabolic pathways and soil health indicators are essential for diagnosing nutrient deficiencies and promoting plant growth. Nutrient translocation, facilitated by beneficial microbial communities and growth regulators, can improve fruit quality and enhance photosynthesis efficiency. Controlled-release fertilizers and foliar nutrient application can further optimize nutrient availability, while potassium uptake and crop stress tolerance are crucial for maintaining optimal plant health. Phosphorus availability, micronutrient deficiencies, and mineral nutrition balance are critical aspects of sustainable agriculture practices. Humic acid fertilizer and organic nutrient sources can contribute to improved soil nutrient cycling, while enzyme activity assays and phosphorus availability testing can ensure optimal plant growth promotion. By focusing on these various aspects of nutrient optimization, businesses can align with regulatory requirements, enhance crop yields, and promote sustainable agricultural practices.
The geriatric population's continuous growth serves as the primary market driver.
Online retailing is emerging as the market trend. This sector is experiencing significant growth and innovation.
Product recalls pose a significant challenge to industry growth, as companies must efficiently manage and address consumer safety concerns to maintain trust and mitigate potential financial losses.
The nutrition industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The vitamins segment is estimated to witness significant growth during the forecast period.
In the dynamic and innovative the market, the focus on water use efficiency and precision nutrient management continues to evolve. Advanced plant tissue analysis and nitrogen fixation rates are key performance indicators, with biofertilizers' efficacy undergoing rigorous testing. Metabolic pathways and soil health indicators are crucial for nutrient deficiency diagnosis, leading to data-driven nutrient optimization and yield improvement metrics. Beneficial microbial communities, nutrient translocation, and enzyme activity assays are essential for sustainable agriculture practices. Controlled-release fertilizers, growth regulators, photosynthesis enhancement, and root development stimulants contribute to plant growth promotion. Fruit quality improvement, foliar nutrient application, potassium uptake, and crop stress tolerance are essential for maintaining a mineral nutrition balance.
Micronutrient deficiencies and microbial inoculants are gaining attention, as is the use of organic nutrient sources for improved nutrient uptake efficiency. Soil nutrient cycling and precision farming technologies, such as humic acid fertilizer and mineral nutrition balance, are vital for phosphorus availability and plant growth promotion. Overall, the market is a thriving industry that embraces sustainable agriculture practices and continuous innovation. (Approximately 100 words)
The Vitamins segment was valued at USD 44.60 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific region is experiencing significant growth due to several key factors. The aging population and the rising prevalence of chronic diseases caused by malnutrition are major drivers for market expansion. According to estimates, the geriatric population in the APAC region is projected to reach 1.3 billion by 2050, necessitating a heightened focus on nutritional health. Additionally, the establishment of healthcare facilities, such as hospitals, in the region is further fueling market growth. Another significant factor contributing to the market's surge is the increasing awareness of nutritional health products among the middle class population. This trend is being facilitated by the growing penetration of the Internet and the burgeoning e-commerce industry.
As a result, companies are collaborating with biotech companies to launch nutrition-rich products, such as cereals and health drinks, both online and offline. For instance, the online sales of health food products in China grew by 40% in 2020, highlighting the potential for growth in this sector. The market's evolution underscores the importance of addressing nutritional needs in a region with a large and growing population, and a burgeoning middle class.
Customer Landscape of Nutrition Industry
Companies are implementing various strategies, such as strategic alliances, nutrition market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Abbott Laboratories - This company specializes in providing nutritional solutions that enhance individual health through innovative products, including Ensure, Zone Perfect, and Vital. These offerings cater to diverse dietary needs and promote optimal wellness.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Nutrition Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
197 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 35 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.08 |
Key countries |
China, US, Germany, India, Canada, Brazil, UAE, SouthAfrica, and Spain |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
In the dynamic and evolving [the market], agricultural researchers and businesses continue to explore innovative solutions for enhancing crop productivity and optimizing nutrient use efficiency. One area of focus is the improvement of nutrient use efficiency in maize, particularly in calcareous soils where phosphorus bioavailability is a significant challenge. This can be achieved through the use of phosphorus-solubilizing bacteria and the application of phosphorus fertilizers in a form that is easily accessible to plants. Another key area is the optimization of nitrogen fixation by rhizobia in legumes, which not only increases yield but also reduces the need for synthetic nitrogen fertilizers. Furthermore, the impact of soil organic matter on nutrient availability and potassium uptake under drought stress is a critical consideration for farmers in arid regions. Micronutrients play a crucial role in plant health, and their influence on metabolic pathways can significantly impact crop response to various fertilizer formulations. For instance, the application of micronutrients such as zinc, manganese, and boron can lead to a 10-20% increase in yield in deficient soils. To improve nutrient availability for optimal yield, businesses are investing in advanced soil testing technologies and nutrient uptake mechanisms in different crops. Balanced fertilization practices can also have a positive impact on fruit quality, with studies showing that a proper balance of nutrients can result in larger, sweeter fruits. Strategies for maximizing nutrient use efficiency, such as nitrogen management practices in rice cultivation and evaluating biofertilizer efficacy on crop growth, are essential for businesses seeking to optimize their supply chain and comply with regulatory requirements. The application of these strategies can lead to sustainable yields and improved operational planning. In conclusion, the market is a critical sector for businesses seeking to improve agricultural productivity and sustainability. By focusing on areas such as nutrient use efficiency, phosphorus bioavailability, nitrogen fixation, and micronutrient influence on plant health, businesses can enhance their competitive edge and contribute to a more sustainable and efficient agricultural industry.
What is the expected growth of the Nutrition Market between 2024 and 2028?
USD 35 billion, at a CAGR of 4.36%
What segmentation does the market report cover?
The report is segmented by Type (Vitamins, Probiotics, Proteins and amino acids, Carbohydrates, and Others), Application (Immunity, Sports nutrition, Weight management, Clinical nutrition, and Others), Geography (APAC, North America, Europe, South America, and Middle East and Africa), Distribution Channel (Supermarkets and Hypermarkets, Online Retail, Health Food Stores, Pharmacies, and Direct-to-Consumer), and Consumer Segment (Pediatric Population, Adult Population, Maternal Population, and Athlete Population)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Growing geriatric population, Product recalls
Who are the major players in the Nutrition Market?
Abbott Laboratories, Amway Corp., Archer Daniels Midland Co., BASF SE, Bayer AG, Chr Hansen Holding AS, Corbion nv, DuPont de Nemours Inc., Glanbia plc, Herbalife International of America Inc., Johnson and Johnson Services Inc., Kerry Group Plc, Koninklijke DSM NV, Nestle SA, NOW Health Group Inc., Pharmavite LLC, PMV Nutrient Products Pvt. Ltd., Premier Nutrition Co. LLC, The Bountiful Co., and USANA Health Science Inc.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Market Segmentation by Distribution Channel
9 Market Segmentation by Consumer Segment
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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